Police Search for South Africa Murder Suspect

Cyprus police are liaising with South African investigators to locate the prime murder suspect in the killing of strip-bar owner Lolly Jackson, according to South African media reports.

South African detectives have tracked down George Louka, aka George Smith, in Cyprus. He is reportedly living on the island with his wife and four children but has been red-flagged by Interpol and at Cyprus airports.

The case is linked to a money laundering case in the High Court in Johannesburg which implicated the ex-chief representative of Laiki Bank in a scheme involving notorious strip club owner Lolly Jackson who was murdered on May 4th.

Laiki Bank closed its branches in South Africa in 2008, however, its chief representative officer - Alekos Panayi - explosed a money-laundering scheme in a sworn affidavit, said the TimesLive.co.za in an article.

Panayi was deeply involved in the scheme and said that South African Greek businessman Lolly Jackson would provide him with large sums of cash which he would collect from his home. He would then match the amounts he received with account holders who required cash, who would take the money and pay Jackson back in foreign bank accounts.

Police are still searching for suspects in the murder case and have issued an arrest warrant for Louka. Weeks before his murder Jackson said that Louka had been paid 100,000 Rand to kill him. After the murder, Louka promised to turn himself into police but has since vanished.